Asia’s First Cryptocurrency Visa Debit Card Coming To Singapore

A Hongkong based startup Crypto.com previously known as Monaco is rolling out Asia’s first cryptocurrency VISA debit card in Singapore. The firm has also applied for money lending licenses in Hong Kong and Singapore to include crypto backed money lending services. Company co-founder and CEO, Kris Marszalek, said – he expected the debit cards, together with Crypto.com’s planned lending service, to ultimately disrupt the credit card industry. He said the way in which banks have been issuing an unsecured revolving credit to consumers who can hardly afford their interest rates bordered on “unethical business.”

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Published by Samiksha Seth

Samiksha Seth a Storyteller with over 14 years of industry experience in BFSI, Fintech, e-commerce and currently exploring the world of Blockchain. She has worked on projects for some of the world’s leading financial companies both in India, Europe, and North America. She writes extensively on Fintech, Blockchain and other evolving technologies A Tech Enthusiast, an avid blogger, a Reiki practitioner and a curious mind. Samiksha does not hold any value in cryptocurrency or its projects.
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